Marine Biotechnology

Marine Biotechnology is utilized in numerous tasks, such as deriving new cancer treatments from marine organisms to localized seaweed farming. Marine biotechnology focuses not only on little known forms of deep ocean life but also on the growing use of marine life in the food, cosmetic, and agricultural industries, such as aquaculture.

The Global Marine biotechnology market is expected to reach $5.9 billion by 2022 growing at a CAGR of 6.2% from 2014 to 2022. The growth factor for marine biotechnology market is increase in the demand for natural products. The key drivers for the market are new applications of marine derived enzymes in cosmetics industry and use of marine algae and micro algae in bio-field production. The increase in demand for commodities has resulted in supply shortages and high prices in crude oil, steel and other metals. Developing countries face a challenge as they do not often have the established industrial infrastructure to act as sub-contractors. The market has also been witnessing increasing investments from venture capitalists. However, high R&D costs could pose a challenge to the market growth.

  • Marine microbiology
  • Marine pharmaceutics and cosmetics
  • Marine aquaculture
  • Marine bioinformatics and nano biotechnology
  • Biomedical engineering of marine natural products

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